GM enters into a contract with MIT-spinout to reduce battery costs by 60 percent
General Motors agrees with the Massachusetts Institute of Technology spinout to manufacture future electric vehicle batteries. Reducing the cost of those batteries by 60 percent is the main base of the deal.
Solid Energy Systems, founded by MIT grad Qichao Hu, will reduce the battery size while increasing the range of EVs during its manufacturing process. In turn, the costs of electric vehicles would be affordable.
Another part of the agreement is that GM and SolidEnergy Systems plan to develop a prototype manufacture line in Woburn, Massachusetts. They would be manufactu4ring a high-capacity battery before 2023.
Recently, GM announced its subsequent-production of EV batteries called Ultium. Those batteries would be of great importance, as they would reduce the prices of current electric vehicles like Bolt EV and Chevrolet.
The Ultium platform was made purposely to fit into the fast-changing battery technology. Officials refused to produce information concerning the actual invested amount GM had invested in SolidEnergy Systems six years ago.
The new batteries are made of lithium metal instead of lithium-ion. They also have switches that facilitate higher energy compactness and offer more range from a sized battery.
The batteries’ actual prototype had completed replication of 150,000 test miles at Global Technical Center in Warren. There was an announcement concerning the manufacture of forthcoming batteries after battery manufacturing companies release their first-generation Ultium battery cells. The first battery cells to be produced would be GMC Hummer EV for $112,595. The Hummer is part of GM’s strategy, where it plans to invest $27 billion in autonomous and electric car production before 2025. Additionally, GM plans to sell electric vehicles by 2035.
GM’s announcement follows Cairn Energy Research Advisor’s report stating that Tesla anticipates keeping low prices for their electric vehicles by 2030. GM will come in to seal the space. Helfrich refused to talk about those findings but instead said that GM has plans of growing rapidly than anyone in the space. He added that GM plans on becoming the greatest deal partner in creating solutions to enable the automotive industry to produce more EVs.
The main stumbling rocks coming the way of electric production are affordability and range. However, with the next series of Ultium chemistry, Reuss believes that they would be hit once-in-a-generation progress in the sector. There is a large room for improvement to enable both categories to make a significant step in battery production innovation.